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> > lukewarm on the jack lew nomination. they're not really that thrilled. > other than lew's poor penmanship, how well will lew's no-drama approach play out in the upcoming debt ceiling talks? > > in the debt ceiling talks it is going to be interesting. other than the no drama, he has got a history of being confrontational with republicans, and that is going to be difficult because that is who he's got to deal with. > didn't he once work on wall street? > > briefly at citibank for a couple of years around the time of the financial crisis. > do you think the republicans will go along with his nomination? > > i think at the end of the day he will probably get the nomination, but it won't be without a lot of skepticism and a lot of thought about whether or not they could have found a better person. > jim bianco, good to talk to you today. > > thank you. google's executive chairman ended his trip to north korea by endorsing the internet. eric schmidt told reporters this week that the country risks falling out of touch because o
> > lukewarm on the jack lew nomination. they're not really that thrilled. > other than lew's poor penmanship, how well will lew's no-drama approach play out in the upcoming debt ceiling talks? > > in the debt ceiling talks it is going to be interesting. other than the no drama, he has got a history of being confrontational with republicans, and that is going to be difficult because that is who he's got to deal with. > didn't he once work on wall street? > > briefly at...
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Jan 10, 2013
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president obama is expected to soon name jack lew the new head of the treasury department. lew currently serves as white house chief of staff, but is reportedly the president's pick to fill the role as head of the treasury which will be vacated by timothy geithner following the inaguration. lew has served as budget director under both president obama and president clinton. he is also a wall street alum, as citigroup's managing director before heading to capitol hill. talks on gun control led by vice president joe biden are underway, with the vp promising something will be done to avert mass shootings in america. "urgent action. and the president and i are determined to take action." biden is hosting a series of meetings with people from all walks of life to discuss gun control. that includes walmart, the nation's largest seller of guns and ammunition. earlier, it was reported a rep would not attend the meetings; but later the retailer said it would send an approriate representative. morgan stanley is cutting back on its senior staff in its latest round of job cuts. the firm
president obama is expected to soon name jack lew the new head of the treasury department. lew currently serves as white house chief of staff, but is reportedly the president's pick to fill the role as head of the treasury which will be vacated by timothy geithner following the inaguration. lew has served as budget director under both president obama and president clinton. he is also a wall street alum, as citigroup's managing director before heading to capitol hill. talks on gun control led by...
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jack lew is not that man. the original messages that we're now getting from a number of republican senators who will have to consider this nomination, many are saying that they will go through the vetting process. see what jack lew has to say from confirmation hearings as the information comes out. they want a plan to address spending. many are skeptical they're getting it from the treasury nominee or from the administration. back to you. tracy: rich edson, thanks for all that. ashley: jack lew then must face the senate before he takes the helm at treasury department. with the top republican on budget committee already speaking out against lew are we in for a bumpy confirmation process on capitol hill? joining us bob cusack, managing editor of "the hill." it could be interesting, bob. we mentioned senator jeff sessions, top ranking republican on the senate budget committee and he said, quote, in a statement that is now at, out, jack lew must never be treasury secretary. he has critics but do you think he will
jack lew is not that man. the original messages that we're now getting from a number of republican senators who will have to consider this nomination, many are saying that they will go through the vetting process. see what jack lew has to say from confirmation hearings as the information comes out. they want a plan to address spending. many are skeptical they're getting it from the treasury nominee or from the administration. back to you. tracy: rich edson, thanks for all that. ashley: jack lew...
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Jan 10, 2013
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it is up to the united states senate whether or not to confirm jack lew. the white house is selling this as a transition. that, by the way, is construction for the or parade here, the inaugural parade, if you heard the loud crash. the transition that you have now from really a rescue job that treasury secretary geithner was asked to do at the beginning of the administration now to one of budgeting. jack lew, the budget chief in the clinton administration, in the obama administration in the white house is basically saying that's why they chose him, the mastery of the federal budget. >> jack knows that every number on a page, every dollar we budget, every decision we make has to be an expression of who we wish to be as a nation. our values. the values that say everybody gets a fair shot at opportunity. and says that we expect all of us to pull fill our or individual obligations. >> reporter: republicans say that the lack of willingnesses to address entitlement spending and saying signals that the president -- this is senator mike lee -- will continue to purs
it is up to the united states senate whether or not to confirm jack lew. the white house is selling this as a transition. that, by the way, is construction for the or parade here, the inaugural parade, if you heard the loud crash. the transition that you have now from really a rescue job that treasury secretary geithner was asked to do at the beginning of the administration now to one of budgeting. jack lew, the budget chief in the clinton administration, in the obama administration in the...
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Jan 12, 2013
01/13
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. >> in jack lew? >> that's right. the president can't pass major new legislation. he can't formulate major new programs right now. what he has to do now is bargain down or ride over these crazy people in the republican party. and we what we need now is not deep thinking from the treasury secretary. if the president wants deep thinkers, he can call joe stiglitz, he can call other people. what he needs from the treasury secretary is somebody who's going to be very effective at dealing with these wild men and making sure that nothing terrible happens. >> i understand that jack lew has depression art on his, the wall of his office, art done by the works progress administration. which would be a good sign for someone like you who believes the depression is back. >> that's, i have to say, the most reassuring thing i've heard about him. wpa, you know, they produced a lot of art, which i think it's almost inconceivable now. but also the wpa was one of the really good moments in american policy. in a time of economic disaster, hiring people, giving them jobs to do things th
. >> in jack lew? >> that's right. the president can't pass major new legislation. he can't formulate major new programs right now. what he has to do now is bargain down or ride over these crazy people in the republican party. and we what we need now is not deep thinking from the treasury secretary. if the president wants deep thinkers, he can call joe stiglitz, he can call other people. what he needs from the treasury secretary is somebody who's going to be very effective at...
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Jan 11, 2013
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i think jack lew is going to be the same. what was interesting is the geithner treasury has not been especially public treasury, but the idea with jack lew, it will be even less public than that. >> good point. lew not a friend of the camera, as even the president suggested in that presser yesterday. >> exactly. >> thanks a lot, steve lies plan. >> planes, trains and automobiles, dow transports rising, hitting the third consecutive interday high. big names like goldman getting more bullish on the sector. is a run-up almost over? we're talking tranies a little later on. robert frank is coming to the post for the million-dollar minute. >> melissa, i've got the hottest new toy for billionaires. and why this toy made some big news this week. that's coming up on "squawk on [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at
i think jack lew is going to be the same. what was interesting is the geithner treasury has not been especially public treasury, but the idea with jack lew, it will be even less public than that. >> good point. lew not a friend of the camera, as even the president suggested in that presser yesterday. >> exactly. >> thanks a lot, steve lies plan. >> planes, trains and automobiles, dow transports rising, hitting the third consecutive interday high. big names like goldman...
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Jan 11, 2013
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jack lew is himself a washington insider. he's well known to congress and he's there to shepherd the process along. he's not got the wall street experience that a lot of people on the street might be hoping for. but he really knows how to move the process forward. >> is that exposed to weakness? being an insider on the political front, but obviously having no external wall street experience, how much weakness is that, do you think? >> i think there are limits to what anybody can do does she. >> it's a round about, isn't it? >> but jack lew has one big advantage and that is that he's coming into office with the u.s. economy expanding. >> which is good news. tina, thanks for joining us. just to remeepd you what is on today's agenda in the united states, wells fargo is the first of the u.s. banks to report earnings this season.thely during that hour, best buy is going to be in focus, as well. we wanted to look at the governance reform. >>> still to come, all the latest on the italian elections when we come back in a few moments.
jack lew is himself a washington insider. he's well known to congress and he's there to shepherd the process along. he's not got the wall street experience that a lot of people on the street might be hoping for. but he really knows how to move the process forward. >> is that exposed to weakness? being an insider on the political front, but obviously having no external wall street experience, how much weakness is that, do you think? >> i think there are limits to what anybody can do...
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that's now i knew about jack lew at the top of the list. same with these guys. they are lobbyists, talking directly to the white house. this is the short list that's being, you know, compiled right nor, and it looks like it's summers for the fed chairman or this guy, ferguson, and, by the way, it's early. names could change. this is what i have now, but my name list, my lists have been good. melissa: excellent. what else is excellent is the news on her ball life. >> there's a meeting, and herbal life, and calls is a pyramid scheme saying it's a company that should go to zero. upon city, whatever it is, it's bad. thinks it should be zero. the company is fighting back. they hired david boyce, a high profile attorney. they will have a meeting, and where's the investment? they are keeping it secret because of the press. the meetings' at the four seasons hotel at 50 and 57, i drink there regularly. this will be in the morning. by the way, great bar. melissa: that's the place to see to be seen. >> i thought you said cnbc. >> no, see and be seen, the place to go. >> no
that's now i knew about jack lew at the top of the list. same with these guys. they are lobbyists, talking directly to the white house. this is the short list that's being, you know, compiled right nor, and it looks like it's summers for the fed chairman or this guy, ferguson, and, by the way, it's early. names could change. this is what i have now, but my name list, my lists have been good. melissa: excellent. what else is excellent is the news on her ball life. >> there's a meeting, and...
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lew the right person? >> someone with deeper wall street experience, deeper finance experience could be meaningful in this period. that is not a slight at jack wu but is the reality. we have had treasury secretaries that come from industrialists and business people. it is obviously the president's prerogative but for the benefit of the economy we would give markets a lot of comfort if there was someone with the finance. cheryl: i would love to have you back to discuss this. we get a sense sue and who is going to be the point ee. thank you both for joining me. good conversation. is the moving zero dark 30 too realistic? the senate intelligence committee is said to be launching an investigation on whether the director and screenwriter were granted in appropriate access to the cia during filming of the thriller. the story behind the deadly raid that killed usama bin laden has been criticized by some in watching for its depiction of torture. the senate panel wants to determine where those descriptions of tortu
lew the right person? >> someone with deeper wall street experience, deeper finance experience could be meaningful in this period. that is not a slight at jack wu but is the reality. we have had treasury secretaries that come from industrialists and business people. it is obviously the president's prerogative but for the benefit of the economy we would give markets a lot of comfort if there was someone with the finance. cheryl: i would love to have you back to discuss this. we get a sense...